Question: My husband and I are filing for divorce in 2025. My attorney told me that we can file “Married Filing Separately” or “Married Filing Jointly” for 2024. Can you please give me the basics ...

Property division in a divorce depends on whether the state follows community property or common law rules. In community property states, most assets acquired during the marriage belong equally to ...

You got married, so you file jointly. It's what married people do, right? Not necessarily. In general, couples who file jointly receive more tax breaks. But there are some situations where it may make ...

Almost every time I have a new client who either just got married or is going through a divorce, the subject of a married couple filing two separate returns comes up. So let’s get some information ...

Community property law applies in determining whether property and the income it produces is community property or separate property if (1) in the case of income from ...

Property acquired during marriage is presumed to be community property. Property acquired before marriage, by gift or by inheritance, is presumed to be separate property. Kenishirotie / Getty Images ...

Q: My husband and I filed for divorce a few months ago and the divorce will not be finalized until well into 2024. My attorney told me that we can file “Married Filing Separately” or “Married Filing ...

MP McQueen is a veteran journalist who has covered national and metro news, and has written and edited articles for legal and financial publications. Erika Rasure is globally-recognized as a leading ...